Wire Transfer Specialist

At BCP Miami, we are passionate about our people, and we want YOU to be part of our growing family!

Here’s what we offer:

✨ Hybrid Schedule – Flexibility to work from home and the office, creating a perfect balance for your lifestyle. 💰 Annual Bonus – We believe in rewarding hard work and dedication.

💼 Fully Paid Health Benefits – Take care of yourself with comprehensive coverage for employees and qualified family members.

🌴 Generous Time Off – Enjoy holidays, sick days, and personal time off to recharge and stay at your best. 🙌 Supportive Environment – Be part of a team that values collaboration and growth.

POSITION: Wire Transfer Specialist

SUMMARY: The Wire Transfer Specialist is responsible for processing incoming and outgoing wire transfer payments for the bank and researching inquiries received from other financial institutions. This role ensures all wire transfer transactions are processed in accordance with regulatory requirements and company policies. The Specialist also prepares and records journal entries and complies with the Agency’s established internal control over financial reporting program. Additionally, the Specialist processes ACH transactions in agreement with Nacha Rules.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform daily wire transfer functions to meet established administrative, operational, and compliance goals for departments within the Agency.
• Process incoming and outgoing wire transfers (domestic and international) in a timely and accurate manner, ensuring compliance with Agency policies and procedures.
• Balance the Wire Transfer department daily.
• Serve as the Key User for the Wire Transfer Department.
• Handle complicated transactions and investigations.
• Investigate cases and provide solutions for the department.
• Provide guidance to the Wire Transfer area for contingency planning.
• Initiate, verify, and release wire payments to and from the Federal Reserve System and correspondent banks to meet established cutoff times.
• Process and input wire transfer payments and messages into the Agency’s core system.
• Verify OFAC on all incoming and outgoing wire transfers, escalating any true matches to the Compliance department.
• Send notifications of incoming and outgoing wire transfers to the respective departments for further follow-up with customers, as necessary.
• Ensure compliance with all bank and regulatory standards, immediately reporting suspected suspicious or unusual activity.
• Participate in required training and follow regulatory requirements, including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and deterrence of money laundering or other unlawful activities.
• Fill vacancies during vacation and other leave of absences for the wire department staff.
• Ability to work under pressure and manage competing deadlines.
• Perform all other duties as assigned.
• Responsible for processing ACH transactions received from the Federal Reserve Bank in compliance with NACHA Rules and Regulations in accordance with the Agency’s procedures.

Experience:

• 10 years of experience working with international and domestic wire transfers.
• Knowledge of wire transfer systems, including SWIFT, Fedwire, and CHIPS, can be advantageous.
• Previous experience in banking, financial services, or a similar role, ideally with experience in wire transfer processing.
• Experience in handling complicated transactions and investigations.

Knowledge:

• Understanding of regulatory requirements and compliance standards, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC.
• Familiarity with Nacha Rules for processing ACH transactions.
• Proficiency in using relevant banking systems, such as automated fund transfer programs. Temenos systems is a plus.
• Basic computer skills and keen attention to detail.

Skills:

• Bilingual - English/ Spanish Required
• Ability to work under pressure and manage competing deadlines.
• Strong ability to verify transaction details and spot potential errors.
• Strong problem-solving skills and the ability to provide solutions for complex cases.
• Clear and concise communication, especially for customer interactions and inter-department collaboration.
• Capacity to analyze transactions for compliance, accuracy, and risk.